Rentech (RTK) Posts Quarterly Earnings, Meets Expectations
Rentech (NYSE:RTK) issued its quarterly earnings data on Tuesday. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.03), Analyst RN reports. The company had revenue of $84.80 million for the quarter, compared to the consensus estimate of $84.83 million.
Rentech (NYSE:RTK) opened at 2.16 on Tuesday. Rentech has a 1-year low of $1.55 and a 1-year high of $2.39. The stock’s 50-day moving average is $2.04 and its 200-day moving average is $1.86. The company’s market cap is $491.5 million.
Several analysts have recently commented on the stock. Analysts at Imperial Capital reiterated an “outperform” rating on shares of Rentech in a research note on Thursday, April 17th. They now have a $2.40 price target on the stock. Analysts at TheStreet upgraded shares of Rentech from a “sell” rating to a “hold” rating in a research note on Monday, March 17th.
Rentech, Inc (NYSE:RTK), is a provider of clean energy solutions.
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